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Video Surveillance and VSaaS Components Market to Reach $50B in 2020
March 21, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "The Global Video Surveillance and VSaaS Market" report to their offering.
The global video surveillance and VSaaS market includes hardware, software and services. Video surveillance hardware includes cameras. The video surveillance software market and video management software is expected to be in high demand, along with video analytics, as demand increases for Internet Protocol (IP)-based video surveillance systems.
The IP video surveillance market is undergoing an evolutionary phase in developing countries, therefore promising significant potential. In developed countries, IP surveillance systems are replacing analog surveillance systems. Increasing awareness regarding the benefits of IP-based surveillance systems, favorable regulatory impositions and rising security concerns are expected to catalyze the growth of the IP surveillance market from 2015 to 2020.
IP surveillance systems have better flexibility and scalability features compared to closed-circuit television (CCTV) and conventional surveillance systems. Analog systems are expandable only to a specific limit: for example, only a limited number of cameras can be added to an existing infrastructure. However, IP surveillance systems are creating better opportunities for end users willing to focus on multilevel or multisite business expansions.
For this reason, organizations are expected to prefer IP surveillance systems over analog systems. IP surveillance systems are configured with advanced technology such as video motion detection, frame rate control, automatic brightness control, internal storage memory and remote-zoom features.
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